The Treasury Dept. sold $42 billion in 5-year notes on Wednesday at a yield of 2.395% versus Exp. 2.389%.
- Bid To Cover 2.75 x the amount of debt sold, compared to an average of 2.71 x at the last four sales of the securities.
- Indirects bought 40.30% versus an average of 49.8% of recent sales
- Direct take down 12.85% versus 6.6% recently
- Allotted at high 32.83%